National Republican., 1887-12-09
MODERATELY ACTIVE.
Bear Stories Freely Circulated and
Prices Hammered Down.


Prices Hammered Down.
NEW YORK, Dec S.-The stock market
to-day was moderately active, though the
speculation was ns narrow as usual OF late,
a few stocks monopollzing all the interest
as well as the business. 1t was somewhat
feverlsh and weak, however, throughout,
beipg subjected to vigorous raiding during
almost the entire day. The general feeling
In the morning was less bearlsh, and Lon
don was buyer OF its speclalties, and sup
porting orders appeared in most OF the
tptcialtles. A number Of adverse influences
were soon brought to bear, however, and
the fumor OF an issue OF new stock by the
Rock Island, the report that receiver mad
been appointed for the Missouri, Kansas
and Texas. and that the earnings OF Read.
Ing for November would show a loss, with
the old story Of Chicago bank iu trouble
were used. The one that did the most
harm, however, was that the dividend on
Richmond and West Point preferred would
be passed, and this supplemented by per.
sistent attacks upon the stock made II the
special weak spot OF the market.
The opening was firm, at advances ex-
tending to 2 per cent but the advantage
was not maintained, prices saggIng off
slowly while the business became extrem ly
dull. Richmond and West Point became
the special point OF attack late In the day,
when the market showed Much more ami
nation and the decline became more gen.
eral. There was come support given the
list late in the day, when the decline was
checked, though there was no recovery,
and the close was quiet, but heavy, at or
near the lowest prices reached.
Money on call has been easy, ranging
from to G, last loan at ~, aud clos.
ing offered at ~. Sterling exchange is dull
and steady. Actual business at Ash to 4slI
for GO day bills, ond 4S4I TO 4SIl for demand.
Posted rates 4S2 TO 1856. Government bonds
have been dull and heavy. State bonds have
been very dull and steady. -
Treasury 'ances-Coin, $3.50 0e25, ,2O6;
currency, $l0,h23,5i3
The following were the closing bid qou.
tatiops:
n,s, coup, l24Hi ~. lo7; Psc. 6s of,eS, llo,
La Cons. Jo,s; Mo Gs of 81, loi%; N. Q. Con.
6, llg: do. is, g4Si Tennessee new
e. 1921 Ss%' do; 5s ''' dc, DO IS; M ~
q; Cen. Fac. frsis, liS; M Denver @ and d'pRRi RiG
do. s., 81! Northern Pac. @ fifssts, s liS; do,
&e6sniure, iSi7s; s.; L and San fran, id; si
Southern Pac. Col, firsts, HOT, P. R.G. 4 C.,
G5 NorjbSn PsSIGc i', ii West shoTs
235i 90. ,gfd,, 5Si Am. Express, 100; Bos. All
Line rfd., eS; b. q. and r. N, 80; Canada
Southern, 6lP; Canton, st0; Cen. Pac., 3iti
Ghes, an and ohio, Pa Chicago and Alton; isl
land and Col ,.5lIs; Con. Coal, 23; Del aud
Mud. lO2H: Del, & Lack, 1854: Den. 4 r, g.,
Harlem, 2lS; Hous, 4 Tex, 20; m. Cent. il5l5;
Kansas 4 Texas 11gs;, L. =. 4 W.. ll7s
Man. Con, M S NJ N. and a., chmar.' m' p.S 80
n i: chat. 81 H y, J;cen., IH; AZ SSsioIE and as
MA; Northwestern, l0G5z do. pid., 40; N
z, cen, lo7SS; chicago and 81. L., 10y; do
pfd., &C; Ohio and Miss, "a: do. pfd., IS
oregon Nay. s7l6S; Pac. Mall, 81; Pitts
burg. l62; Reading, 67B; Rich. and Allie, 8
Rich. and W. p. Ter, 231s; Rock Island, i'll
st; Louis and San; Fran, s5l4; do: pfd.
7lh; do FIRST pfd., ll2; st. Paul. 7i1I do. pfd
III; st. p; and O., SS114; do. pfd, lo5i8; Tenn
9, and 1, e; Texas Pac., ~; Union Pac
Wells Fargo, 1870; West Union, 765s Silver
Certificates, 96l4; Cotton Oil Trust, 80; Quick
silver. 0: do. pfd.. 81.
$Asked.